Nordea Investment Management AB Buys 16,845 Shares of Ulta Beauty Inc. $ULTA

Nordea Investment Management AB grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 78.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,421 shares of the specialty retailer’s stock after acquiring an additional 16,845 shares during the period. Nordea Investment Management AB owned 0.09% of Ulta Beauty worth $23,309,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its stake in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty in the 3rd quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new stake in Ulta Beauty in the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new position in Ulta Beauty in the 3rd quarter valued at $31,000. Finally, BOKF NA acquired a new position in Ulta Beauty in the 3rd quarter valued at $31,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $515.22 on Wednesday. The stock has a market capitalization of $22.86 billion, a P/E ratio of 20.10, a PEG ratio of 1.90 and a beta of 0.82. The stock’s fifty day moving average is $646.98 and its 200 day moving average is $587.87. Ulta Beauty Inc. has a 52 week low of $323.36 and a 52 week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.08. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. Ulta Beauty’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.46 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. Equities research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Oppenheimer lowered their price target on shares of Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. UBS Group reiterated a “buy” rating and issued a $810.00 price objective on shares of Ulta Beauty in a research note on Friday, March 13th. Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $674.00 to $799.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Piper Sandler restated an “overweight” rating and set a $725.00 target price (down from $775.00) on shares of Ulta Beauty in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $671.27.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.